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Income Tax - Highlights / Catch Notes

Home Highlights October 2013 Year 2013 This

Die tooling charges as revenue expenditure or capital ...


Die Tooling Costs Classified as Revenue Expenditure for Modernizing Existing Projects, Not Capital Expenditure.

October 24, 2013

Case Laws     Income Tax     AT

Die tooling charges as revenue expenditure or capital expenditure - It was held to be revenue in nature since the expenditure were incurred for modernization of existing projects - AT

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